Thu Nov 28 9:48 AM

On-Chain Data Suggests More Institutions Are Buying Bitcoin Over the Counter

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Despite bitcoin trading near all-time highs, more institutions continue to buy bitcoin, and they’re using over-the-counter (OTC) trading firms to keep their purchases from impacting the overall market.  Unlike retail investors or smaller institutions that use crypto exchanges, large institutions usually trade bitcoin through the...

First Mover: Bitcoin Rally Stalls as ‘DeFi Summer’ Proves Endless

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Bitcoin (BTC) was little changed after climbing for six straight days, though prices appeared unable to hold fresh highs above $23,000. “The market has paused for a bit to consolidate,” Joe DiPasquale, CEO of the cryptocurrency hedge fund BitBull Capital, told First Mover in an...

Deribit’s New Options Allow Bitcoin Traders to Bet on Rally to $100K

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Bitcoin traders can now bet on a potential price rise to $100,000 via crypto derivatives exchange Deribit’s new options contracts. Call and put options at the $100,000 strike price expiring on Sept. 24, 2021, went live on Deribit Thursday. “A few trades have taken...

Sure, Bitcoin’s Price Is Cool, but Bitcoin’s Technology Is Hot

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Bitcoin is back in the news. As a wave of institutional liquidity pours into Bitcoin’s markets, even some of its staunchest critics are finding it hard to dismiss the 12-year-old asset as its price surges to new all-time highs.  At the very least, these past three...

Personal Tokens Integrating Matic to Tokenize People: No More Gas Fees

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Decentralized scalability platform solution Matic Network plans to issue personal tokens to every individual within the first quarter of 2021.Matic revealed that it intends to tokenize 10 000 people for free on the Personal Token platform (PT) during a Mass Tokenization Event. Owing to...

Market Wrap: Bitcoin Pushes Past $23.7K While Crypto Locked in DeFi at All-Time High

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Bitcoin hits a new high at $23,770 on higher-than normal volume; DeFi’s total value locked has also hit a record on the strength of ether. Bitcoin (BTC) trading around $22,818 as of 21:00 UTC (4 p.m. ET). Gaining 9% over the previous 24 hours. Bitcoin’s 24-hour...

The CIO of $230B AUM Guggenheim Just Called for $400,000 BTC

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A recap of 5+ insanely bullish stories that got buried in the bitcoin price action. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. This episode is sponsored...

Incoming U.S. Senator defends Bitcoin and crypto in conversation with U.S. Treasury

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Over the past few weeks, the crypto industry has been ablaze with rumors of impending regulation on self-hosted Bitcoin, Ethereum, and altcoin addresses.The rumors began late last month when Brian Armstrong of Coinbase posted a thread on Twitter warning that the U.S. Treasury is working...

Uncharted Territory: How Technical Analysts Are Trading Bitcoin at All-Time Highs

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Bitcoin’s bull run appears to be in full swing amid a broader consensus that 2021 could bring more significant gains. The question now for market participants is how high the cryptocurrency could go and, conversely, which levels could act as support levels or potential...

First Mover: Geek-Fest Turns Relevant as Bitcoin Passes $21K, $22K, $23K

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Bitcoin (BTC) was higher for a sixth straight day, carrying through after surging 9.9% Wednesday to surpass $20,000 for the first time in the cryptocurrency’s 11-year history.  “We are expecting this inertia to generate ripple effects going into the end of the year as momentum...